China - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's November 2023 Export of Monocarboxylic Acid Slumps to $45M
China Monocarboxylic Acid Exports
In November 2023, monocarboxylic acid exports from China dropped markedly to 15K tons, falling by -20.8% on the previous month. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when exports increased by 48% month-to-month. As a result, the exports reached the peak of 26K tons. From August 2023 to November 2023, the growth of the exports failed to regain momentum.
In value terms, monocarboxylic acid exports contracted to $45M (IndexBox estimates) in November 2023. Overall, exports saw a noticeable downturn. The most prominent rate of growth was recorded in January 2023 with an increase of 22% month-to-month. As a result, the exports attained the peak of $78M. From February 2023 to November 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Monocarboxylic Acid in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| India | 9.5 | 7.4 | 11.4 | 8.2 | 12.4 | 9.8 | 10.0 | 5.1 | 5.8 | 9.5 | 10.7 | 5.3 | 5.7 |
| United States | 7.2 | 5.3 | 6.9 | 10.3 | 8.2 | 8.4 | 8.9 | 6.9 | 5.9 | 6.4 | 7.2 | 6.7 | 5.1 |
| Brazil | 7.1 | 3.9 | 8.3 | 6.7 | 8.0 | 5.2 | 6.4 | 3.6 | 8.2 | 1.6 | 1.9 | 5.0 | 2.3 |
| Germany | 2.7 | 3.4 | 1.9 | 1.6 | 1.5 | 1.1 | 0.6 | 0.6 | 1.5 | 1.3 | 1.3 | 1.4 | 1.9 |
| Netherlands | 3.1 | 2.6 | 3.3 | 1.7 | 1.2 | 1.4 | 1.5 | 0.8 | 0.8 | 1.2 | 0.6 | 1.2 | 1.8 |
| South Korea | 2.2 | 1.3 | 1.5 | 2.0 | 1.4 | 2.2 | 2.0 | 2.6 | 1.9 | 1.0 | 1.3 | 1.4 | 1.7 |
| Spain | 3.3 | 5.3 | 2.4 | 2.0 | 1.0 | 0.9 | 0.7 | 1.1 | 1.0 | 1.5 | 0.9 | 1.0 | 0.8 |
| Others | 35.0 | 34.7 | 42.1 | 34.9 | 41.9 | 27.6 | 28.3 | 26.5 | 30.3 | 28.2 | 30.8 | 30.1 | 26.0 |
| Total | 69.9 | 63.9 | 77.8 | 67.3 | 75.6 | 56.6 | 58.5 | 47.2 | 55.5 | 50.7 | 54.7 | 52.0 | 45.3 |
Exports by Country
South Korea (1.7K tons), the United States (1.5K tons) and India (839 tons) were the main destinations of monocarboxylic acid exports from China, with a combined 27% share of total exports.
From November 2022 to November 2023, the biggest increases were in South Korea (with a CAGR of +6.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, India ($5.7M), the United States ($5.1M) and Brazil ($2.3M) constituted the largest markets for monocarboxylic acid exported from China worldwide, together accounting for 29% of total exports. These countries were followed by Germany, the Netherlands, South Korea and Spain, which together accounted for a further 14%.
South Korea, with a CAGR of -2.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
In November 2023, the monocarboxylic acid price stood at $3,024 per ton (FOB, China), rising by 10% against the previous month. Overall, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in August 2023 when the average export price increased by 35% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,531 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($6,770 per ton), while the average price for exports to South Korea ($972 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.7%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the monocarboxylic acid market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
